EIOPA · 2432

Solvency Capital Requirement (SCR)

Name: Solvency Capital Requirement (SCR): EIOPA Q&A — EU Financial Regulatory Q&A
Creator: European Insurance and Occupational Pensions Authority
License: https://creativecommons.org/licenses/by/4.0/

Regulation: (EU) No 2015/35 - supplementing Dir 2009/138/EC - taking up & pursuit of the business of Insurance and Reinsurance (SII)
Article: 180
Topic: Solvency Capital Requirement (SCR)
Submitted: 2022-05-05
Answered: 2022-09-16

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Question

Article 180 (2) states in the last section that certain guaranteed exposures shall be assigned a risk factor stress of 0%. Contrary to 180 (2b) it seems not required that the exposure is denominated in the currency of the counterparty mentioned in a)-d). So for example: a Polish government bond denominated in EUR would not be risk free, but if some EUR bond issued by a Polish company is guaranteed by the Polish government, this would be risk free. Is this interpretation correct?

Answer

This question has been rejected because the matter it refers to has been answered in Q&A 1456.

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